Answer to Question #99604 in Economics for trushang

Question

Sub: information system for managers

Question: The healthcare space inundated with the presence of 4, 00,000 apps approximately which are involved in monitoring and improving user’s health. These apps monitor user’s health data like calorie intake, physical activity, heart rate, blood pressure, sleep patterns and
various other parameters. With the help of these self-monitoring apps users get more
personalized information and are capable of transforming how healthcare will be delivered
to them. Healthcare industry is embracing analytics to improve disease prevention, increase
the accuracy of diagnoses, provide safe medications, and make treatments more
effective. Give examples how different stakeholders in the healthcare industry use analytics
(Healthcare professionals, healthcare providers, pharmaceutical companies and
government)

Answer 1

Healthcare professionals can use analytics and statistical data for medical studies, forecast of epidemics and for deeper understanding of course of diseases.

Healthcare providers often research last tendencies and changes in health of the population in order to regulate the level of their services, the number of clinics and doctors for the particular territory.

Pharmaceutical companies need information about the number of people with different diseases, their age and social status. They may also be interested in the number of people with health insurance at different levels, since it directly affects their income. Basing on this information pharmaceutical compamies change production volumes, launch new medicines.

Government tracks incidence rate to determine the healtcare politics, launching special programs and reaction in case of need.